	Market value		Cost basis		Unrealized gains (losses), net
	(In millions)
December 31, 2018:
Current assets	$	2.5	$	2.5	$	-

Noncurrent assets	$	4.8	$	5.2	$	(.4	)
December 31, 2019:
Current assets	$	2.1	$	2.1	$	-

Noncurrent assets	$	6.2	$	6.2	$	-

	Fair Value Measurements
	Total		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)
	(In millions)
December 31, 2018:
Current assets	$	2.5	$	-	$	2.5
Noncurrent assets:
Fixed income securities	$	3.2	$	-	$	3.2
Common stocks and exchange traded funds		1.6		1.6		-
Total	$	4.8	$	1.6	$	3.2
December 31, 2019:
Current assets	$	2.1	$	-	$	2.1
Noncurrent assets:
Fixed income securities	$	4.9	$	-	$	4.9
Common stocks and exchange traded funds		1.3		1.3		-
Total	$	6.2	$	1.3	$	4.9

Amalgamated Sugar. Prior to 2017, we transferred control of the refined sugar operations previously conducted by our wholly-owned subsidiary, The Amalgamated Sugar Company, to Snake River Sugar Company, an Oregon agricultural cooperative formed by certain sugar beet growers in Amalgamated’s areas of operations. Pursuant to the transaction, we contributed substantially all of the net assets of our refined sugar operations to The Amalgamated Sugar Company LLC, a limited liability company controlled by Snake River, on a tax-deferred basis in exchange for a non-voting ownership interest in the LLC. The cost basis of the net assets we transferred to the LLC was approximately $34 million. When we transferred control of our operations to Snake River in return for our interest in the LLC, we recognized a gain in earnings equal to the difference between $250 million (the fair value of our investment in the LLC as evidenced by its $250 million redemption price, as discussed below) and the $34 million cost basis of the net assets we contributed to the LLC, net of applicable deferred income taxes. Therefore, the cost basis of our investment in the LLC was $250 million. As part of this transaction, Snake River made certain loans to us aggregating $250 million. These loans were collateralized by our interest in the LLC. See Note 13. We and Snake River shared in distributions from the LLC up to an aggregate of $26.7 million per year (the “base” level), with a preferential 95% share going to us. Additionally, Snake River agreed that the annual amount of distributions we received from the LLC would exceed the annual amount of interest payments we owed to Snake River on our $250 million in loans from Snake River by at least $1.8 million on an annual basis.

On May 30, 2018, we entered into an agreement with Snake River, completed on August 31, 2018, in which we sold our interest in Amalgamated for consideration consisting of $12.5 million in cash and the deemed payment in full of our $250 million in loans from Snake River. As a result, in the third quarter of 2018 we recognized a securities transaction gain of $12.5 million related to the sale and our $250 million in loans were deemed repaid in full.

Other. The fair value of our marketable securities are either determined using Level 1 inputs (because the securities are actively traded) or determined using Level 2 inputs (because although these securities are traded, in many cases the market is not active and the year-end valuation is generally based on the last trade of the year, which may be several days prior to December 31).